Brendan Connolly
Possible issue with tenant/Security Deposit
15 April 2020 | 4 replies
Mom has a loose connection with her sister in law to gain income at night and not show it to section 8, therefore hiding to fact that she would have to pay a small portion of the rent.
Evan Bonnell
Cashing out 401k due to COVID-19 $100,000 PENALTY FREE
27 December 2020 | 32 replies
@Evan Bonnell the law, as relayed to me by my solo 401k provider (@Dmitriy Fomichenko) in a newsletter this morning includes the following hardship provision:Has experienced adverse financial consequences as a result of being (a) quarantined, (b) furloughed, (c) laid off, (d) who has reduced work hours that is due to SARS-CoV-2 or COVID-19, (e) who is unable to work due to lack of child care due to SARS-CoV-2 or COVID-19, (f) closed or reduced hours of the business the participant owns or operates due to SARS-CoV-2 or COVID-19, or (g) any other factors as determined by the Secretary of the Treasury.Your lack of child care should qualify as a hardship.If you can weather the tax hit, and you are concerned about income/tax burdens in retirement, maybe consider doing an in-service conversion of $100k to the Roth portion of your 401k (if your plan has it, and if it permits you to convert).
Gerald Turner
Best insurance practices
18 April 2020 | 5 replies
Deductible: This is not a coverage but rather your portion of a claim.
Andrew Oliveri
Hard Money VS. Corporate Line of Credit
16 April 2020 | 0 replies
I would be able to carry a portion of the purchase/rehab cost interest-free for the promotional period rather than having to finance solely with hard money or private lendersThe idea of having access to this type of credit that is NOT hard money is very attractive but I'm wondering if maybe there are important details I'm not seeing or understanding.
Mathew Daugherty
My first investment property
17 April 2020 | 8 replies
Purchase price: $105,000 Cash invested: $44,757 My First BRRRR investment property in which I'm currently in the refinance portion.
Carl LaPiedra
Advice for starting out
26 April 2020 | 20 replies
I spent a good portion of yesterday trying to figure out how to dwindle down all the broad info on the census website.
Willie Booker
Strategy in HCOL Areas
17 April 2020 | 3 replies
I would like to take advantage of the VA Home/Renovation Loan to build at least build a portfolio (at least 2 SFHs) but in areas just outside of Seattle, I find it to be fairly difficult because I would be using a big portion of my entitlement on one SFH.
Jay Green
Any Massachusetts landlords who have experience with Section 8?
18 April 2020 | 5 replies
People tend to frown upon it, but it's a guaranteed portion of rent even during, evictions, pandemics and acts of God.
Drew Hittner
Hybrid House Hack Thoughts
20 April 2020 | 2 replies
I am thinking about holding this home, and long term renting the main 3/2 portion while continuing to short rental the detached guest house simultaneously.
Abdenour Achab
Can I keep my name out of the grantee section in a deed?
19 April 2020 | 12 replies
Bear in mind an address is required in the top left portion of the document.